This news, if it bears out, comes at a good time for the worldwide DRAM-producing industry, which has experienced slipping market prices for months. – Following
in line with its projection of a continued
surge in NAND flash memory sales in 2011, market analyst IHS iSuppli
reported Jan. 27 that dynamic RAM demand is expected to explode by a factor of
more than nine in 2011.
This news, if it bears out, comes at a good time for worldwide DRAM …
Shares of Amtek Engineering (AMEL.SI), which manufactures precision engineering, plastic and rubber components, rose as much as 6.1% on Friday as investors were bullish that the firm would benefit from China’s buoyant car market.
At 3:08 p.m., Amtek shares were up 3.8% at $1.37 on a volume of 9.1 million shares. The broader Straits Times Index <.FTSTI> was down 0.3%.
Singapore’s growth rebounded last quarter as manufacturing surged, capping the biggest annual increase in output since independence in 1965 and putting the economy on course to be the world’s second-fastest growing.
Gross domestic product rose an annualised 6.9% in the three months through Dec. 31 from the previous quarter, when it contracted a revised 18.9%, the trade ministry said in a statement today. The median forecast of eight economists surveyed by Bloomberg News was for a 9.4% expansion.
Singapore attracted 978,000 visitors in October, a 16% increase from a year earlier, the Singapore Tourism Board said in an e-mailed statement today. Tourism receipts in the first nine months of the year increased 47% to $13.7 billion from a year earlier, helped by the opening of two integrated casino resorts, the board said.
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Trade and Commerce Secretary Rahul Khullar on Wednesday said India”s exports in November rose an annual 26.8 percent to 18.9 billion dollars, while imports for the month grew 11.2 percent to 27.8 billion dollars. “The exports numbers are good for November, $18.9 billion in November, with the caveat that the numbers are going to be [...]
Hersing Corporation says 3Q profit after tax tripled to $18.9 million in the three months to Sept 30 (3Q10) from $4.7 million in the previous corresponding period (3Q09).
Hersing, which provides real-estate-related, financial and self-storage services, says it achieved 21.2% higher turnover of $81.5 million in 3Q10 compared to $67.2 million recorded in 3Q09 despite the decrease in total number of transactions.
Strong economic growth has boosted Singapore bank profits this year, helping cut bad debts and lift loan growth.
“A stronger SGD against USD will mean lower foreign exchange translation earnings for oil and gas players. The bulk of revenues are in U.S. dollars but only slightly more than half of costs are in USD,” says DMG head of research Leng Seng Choon.
Olam jumped 7.8% to $3.18 as of 11:20 a.m. in Singapore, heading for its highest close since Nov. 12, 2007, after revealing the talks about “a possible business collaboration, which may take the form of, among others, a merger,” the Singapore-based company said today in a statement. A transaction “may or may not proceed,” it said.
Singapore’s exports surged unexpectedly in August, with strong demand for electronics and pharmaceuticals from major economies like the US and Europe suggesting the global recovery remains on track.
But while shipments to the European Union more than doubled from year-earlier levels, the monthly numbers are volatile and don’t signal a strong pickup in developed economies, analysts said.
Google Android and Windows Mobile will see their smartphone market share increase by 2014, while BlackBerry and Apple will experience declines, according to a new research note from IDC. – Google Android and Windows Phone will see their market share
increase over the next few years, according to a new research note from IDC,
while other smartphone platforms such as Apples iOS and BlackBerry OS face
declines.
Meanwhile, the research firm added, the overall market for
smartphones i…
IBM and Sophos security pros report observing an uptick in spam with malicious .zip file attachments. – Security researchers are reporting an uptick in malware hidden in .zip files
being sent out in spam to Web users.
According to IBM’s X-Force, there has
been a significant increase in the number of spam messages with malicious .zip
file attachments during the past few weeks.
quot;Normally we s…
Despite strong sales of Microsoft’s Xbox 360 console, the video game industry swooned again in July, according to a report from The NPD Group. – The video game industry inched lower in July, down 1 percent, to $846.5 million, compared with
$850.6 million in July 2009, despite a 12 percent increase in hardware sales.
Year-to-date (YTD) overall sales are down 8 percent, at $7.5 billion, compared
with $8.2 billion for the same period last ye…
Chip Eng Seng Corporation, the construction and property group, has reported a 76% surge in net profit to $47.2 million in the six months ended 30 June 2010 (1H 2010) and a 55% surge in 2Q 2010 net profit to $22.4 million.
2Q 2010 group revenue rose 84% to $125.0 million, boosted mainly by property sales as well as higher construction activities.
Net income totaled $1.9 million in the three months ended June, compared with a loss of $6.0 million a year earlier, the company said in a statement to the Singapore stock exchange today. Revenue increased 45% to $145.1 million in the quarter.
